diff --git a/CMakeLists.txt b/CMakeLists.txt
index 1ff5cb1d..3c5b3792 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -3,7 +3,7 @@ cmake_minimum_required (VERSION 3.3)
 list(INSERT CMAKE_MODULE_PATH 0 "${CMAKE_SOURCE_DIR}/cmake")
 include(VersioningUtils)
 
-set_project_version(0 12 0)
+set_project_version(0 12 1)
 
 # Before making a release, the LT_VERSION string should be modified.
 # The string is of the form C:R:A.
@@ -12,7 +12,7 @@ set_project_version(0 12 0)
 # - If binary compatibility has been broken (eg removed or changed interfaces)
 #   change to C+1:0:0
 # - If the interface is the same as the previous version, change to C:R+1:A
-calculate_library_versions_from_libtool_triple(COGCORE 7 1 0)
+calculate_library_versions_from_libtool_triple(COGCORE 7 2 0)
 
 project(cog VERSION "${PROJECT_VERSION}" LANGUAGES C)
 include(DistTargets)
diff --git a/NEWS b/NEWS
index 4a66a901..3f61bbec 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,12 @@
+==========================
+0.12.1 - February 24, 2022
+==========================
+
+- wl: Fixed handling of supported Wayland protocol versions, preventing a
+  crash with certain compositors which advertise support for newer versions
+  than actually supported by the client.
+- Fixed the location used by CMake to install platform plug-ins.
+
 ==========================
 0.12.0 - November 24, 2021
 ==========================